If you look at Citi’s marketing and PR, you’d be mistaken for thinking this is a company that cares about the climate crisis and racial equity. Jane Fraser talks a good game about climate commitments and equity, but LEED-certified buildings and diverse models on the website aren’t enough. Citi paints itself as a climate champion, […]
Category Archives: Blog post
19
Oct
Oct
Last week, two Citibank customers and I met with some of Citi’s top Sustainability leadership: Val Smith, the Head of Sustainability, and Nasser Malik, the Corporate Banking Head of Sustainability and Corporate Transitions. Unfortunately, Citi’s leadership are spewing the same talking points we’ve heard for months. It’s becoming more and more clear: Citi’s sustainability team […]
Biden, Blog post, In The News, Webinar
Toxic Money Webinar 7.28.22: Using Financial Regulation to Fight for Racial, Housing, and Climate Justice
29
Jul
Jul
On this webinar, We learned about how the Community Reinvestment Act can be used as a tool to build community solutions, especially as accountability to deal with the legacy of racial and economic harm done to communities via redlining and discrimination. The CRA could fund climate reparations to communities, as well as fund workforce development. […]
Biden, Blog post, In The News
Blog: What Biden should have talked about last week with Fed Chair Powell
10
Jun
Jun
What Biden should have talked about last week with Fed Chair Powell This blog is reposted and originally appeared on 350.org. by Jason Kirkpatrick With inflation and gas prices topping the agenda in the USA recently, one could be surprised by what topics were left out of the recent meeting between President Biden, Treasury Secretary Janet Yellen and Federal Reserve Chair […]
06
Jun
Jun
This shareholder season, STMP launched the Wall Street’s Moment of Truth – People or Fossil Fuels campaign to push investors to support climate action at banks and insurance companies. Shareholder, or “AGM” (annual general meeting) season is a period roughly between April and June when publicly-traded companies hold their annual shareholder meetings. At these meetings, […]
Blog post, Webinar
Toxic Money Webinar 5.12.22: Protecting Your Savings, Our Communities, and the Planet
13
May
May
On this webinar, we learned about why we need transparency from companies around their contributions to the climate crisis and how they’re fueling harm in BIPOC communities. Many of us are told that being financially responsible means investing in stocks and bonds and saving for retirement. But if the world goes up in flames, our […]
04
May
May
Did you know that climate change poses a hidden threat to your investments, 401(k) accounts, and pensions? We’re all told that being financially responsible means investing in stocks and bonds, and saving for retirement. Here at Stop the Money Pipeline we also consider saving the planet to be saving for our futures. Unfortunately, if the […]
11
Apr
Apr
Have you heard about Wall Street’s evil twin? It’s the private equity (PE) industry and it’s dripping in fossil fuels. As financial institutions and other Wall Street actors face growing pressure to cut emissions, many are selling fossil fuel assets—and PE firms have repeatedly stepped up as buyers. Private equity firms and the billionaires and […]
It’s been quite the year for all of us at Stop the Money Pipeline. On the one hand, the climate crisis has only escalated ― 2021 was yet another year of historic wildfires, floods, droughts and hurricanes across the world. Yet, on the other hand, the climate movement continues to grow in power and influence. […]
With less than two weeks until the start of the Glasgow Climate Talks, Stop the Money Pipeline is preparing to turn up the heat on banks during the youth-led October 29th Fossil Free Future day of action. Though the banks will never admit it, years of pressure has pushed a number of major Canadian and […]